Nokian Tyres acquires Levypyörä Oy

NokianHeavy Tyres HT visualinspectionNokian Heavy Tyres acquired a Finnish heavy equipment wheel company Levypyörä Oy, which serves several original equipment (OE) manufacturers and aftermarket customers (AM) in forestry, agriculture and earthmoving applications

Annual net sales of Levypyörä is approximately US$19.8mn.

With the acquisition, Nokian Heavy Tyres can offer new solutions to its existing customers and increase wheel volume as well as further improve its service level, said Manu Salmi, managing director, Nokian Heavy Tyres.

Lars Ojansuu, managing director of Levypyörä, said, being a part of a speciality tyre manufacturer gives us an opportunity to further grow and develop Levypyörä products and services globally.

Levypyörä was founded 64 years ago and it employs approximately 100 people in Nastola, Finland. It is developing eco-friendly processes to reduce CO2 emissions and not using solvents in painting. Levypyörä was a part of Weckman Steel Corporation.

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